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An agreement
between Fiat Auto and Severstal Auto to produce two Fiat
products in Russia has joined a growing list of Fiat Joint
ventures, which include a JVs to produce small cars with
Ford, platform sharing and diesel engines with General
Motors, light commercial vehicles and people movers with
Peugeot Citroen and diesel engines and four wheel drive
vehicles with Suzuki.
The initial agreement will see the Palio and Albea models
produced from parts produced by another Fiat joint venture
between Fiat and Tofas in Turkey, with expansion planned in
both the range of products, including the Fiat Doblo small
commercial vehicle, and growth in the distribution of fully
imported Fiat products in Russia. Production will start in
2007 at the Severstal factory in Naberejniye Chelni near
Kazan in the Volga region of Russia. The two companies are
investigating further areas of cooperation.
Fiat is one of the pioneer companies in the automobile
industry and it has produced more than 85 million passenger
cars and light commercial vehicles, including no less than
400 models, since 1899, when the company was founded in
Turin, Italy. These have represented milestones in the
automotive industry.
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Production of the Palio and Albea (above) will start
in 2007 at the Severstal factory in Naberejniye
Chelni near Kazan in the Volga region of Russia |
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A new joint venture agreement between Fiat Auto and
Severstal Auto will see the Palio (above) and Albea
assembled in Russia with further expansion planned
in the range of models as well as in the
distribution of fully imported Fiat products |
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The Fiat Group's Automobiles Sector operates world-wide with
the following brands: Fiat, celebrated for value, economy,
and innovation and whose mass produced cars are distributed
over almost the entire price class spectrum; Lancia means
prestige cars noted for their elegant styling, and comfort;
Alfa Romeo is famous as a maker of sport and luxury vehicles
of style and distinction; Maserati represents a landmark in
the history of the automobile; Ferrari, well renowned for
unsurpassed design, performance, and luxury, is a legendary
automobile that imparts special cachet to its owner.
OAO Severstal Auto is one of the biggest Russian automotive
companies, which represents the famous Russian automotive
brands UAZ and OKA and enjoys leadership positions in the
Russian automotive market. The Company produces four-wheel
drive vehicles - the UAZ SUVs, light trucks and minivans-
and 'A' segment cars. Severstal Auto is also the Russian
largest manufacturer of 4- and 8-cylinder petrol engines
with displacements ranging from 2.2 to 4.7 litres.
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